Words of Wisdom: Must-Reads for Entrepreneurial Development

Business.com / Business Basics / Last Modified: February 22, 2017

Without knowledge, your dreams are just flights of fancy. Become the entrepreneur you've always dreamed about with these 5 impactful reads.

Are you an enthusiastic entrepreneur looking to get his big break in the business world? Do you have an original idea that you want to see materialize into a million dollar company?

Because if that’s what you want to do in life you need motivation; sadly, it’s tough to stay motivated on today’s declining economy. Most startups fail, owners must be risk-takers in order to succeed and only the best and the savviest ones do well. Sometimes we just need a little push to get us going; thankfully, a good book can do wonders to our perception.

Here are five of the best entrepreneurial books you should read to help you achieve your professional goals.

Related Article: 9 Brilliant Podcasts for Aspiring Entrepreneurs

1. "The Innovator’s Dilemma,” by Clayton M. Christensen

Published in 1997, “The Innovator’s Dilemma” is written by Clayton M. Christensen, a Harvard professor and founder of many successful companies over the years. His book quickly became one of the most respected of the late 90's.The author talks about the benefits that come with creating a company; however, he adds a twist by implying that even if your business is running smoothly, an enterprise can still fade away and even disappear from the face of the Earth. That’s rough, but it’s the truth. Unless entrepreneurs commit they will never be able to compete with larger corporations.

The Innovator's Dilemma

Image via Amazon

2. “The Lean Startup,” by Eric Ries

In “The Lean Startup,” author Eric Ries talks about the great importance of being optimistic when you first open a company. Whether you’re an experienced entrepreneur who is knowledgable about business, or a rookie who’s just getting started, there’s a set of rules everyone should adhere to.

  • First: You have to keep an eye on your customers, all the time. Never let them escape from your sight.
  • Second: Always have the patience to listen and receive ideas and advice from your peers.
  • Third: Sometimes you don’t need a group to tell you what to do. As an entrepreneur and company owner, it’s wise to take a risk and experience the outcome.

 The Lean Startup, by Eric Ries

Image via Ed Capaldi

3. “How to Win Friends and Influence People,” by Dale Carnegie

Author Dale Carnegie makes a lasting impression in his timeless novel, “How to Win Friends and Influence People.” Originally released in 1937, Carnegie secured his name as the grandfather of all self-help and business books. This masterpiece is packed with principles that were invented more than 80 years ago, most are still used today. The author describes various tactics people can use to persuade, encourage, convince and manipulate others.

How to Win Friends and Influence People

 Image via Amazon

Related Article: 6 Characteristics of a Dynamic Entrepreneur

4. “The Startup of You,” by Reid Hoffman and Ben Casnocha

"The Startup of You" is written in a collaboration between Ben Casnocha, a renowned author, and Reid Hoffman, the co-founder LinkedIn. The book offers advice on how aspiring entrepreneurs can succeed in today’s ever-changing and fast-paced connected world.

Do you have what it takes to create a profitable business? Can you compete with hundreds of existing companies with an established reputation? The ability to take control of your ideas and life will give you the highest chances of succeeding in business as well. Invest in yourself, embrace change and adapt to the future.

The Startup of You

Image via Book & Quote Monster

Related Article: Business Lessons from the Craft Beer Boom

5. “The Wisdom of Failure,” by Laurence G. Weinzimmer and Jim McConoughey

Many of today’s business books are about giving advice on how to succeed to become a millionaire. “The Wisdom of Failure” adopts a new approach. The author dicusses importance of embracing failure to pivot yourself to future success.

Entrepreneurs should be attentive to their surroundings and assess the mistakes other businesses make. Learn what not to do as an entrepreneur to become wiser. By taking notes on previous situations that are similar to your own current state, you can avoid the mistakes that others have already made.

The Wisdom of Failure

Image via whoismicheleprice

Do you want to open a business but you don’t know where to start? It’s challenging to become an entrepreneur, especially when you start from the bottom, without any massive financial support. The books we mentioned above are meant to give you a push. It’s amazing how persuasive written words can be, so make sure to lean in whenever you feel that your motivation and enthusiasm are running out.

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